Tuesday, November 19, 2024

Trump's middle-class tax cuts

Also: Beware cheap holiday toys ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Nov 19 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

President-elect Donald Trump campaigned on putting money back into the pockets of middle-class families by lowering their tax burden, but how realistic are his promises?

Some experts shared their thoughts about Trump's major proposals, including eliminating taxes on tips, overtime and Social Security, capping interest rates on credit card debt, deducting auto loan interest, lifting the cap on state and local taxes (SALT), and increasing the child tax credit. Here's what they said.

Beware of cheap but dangerous holiday toys

Shopping for a fun, maybe even educational, toy for a young child for Christmas should be packed with joy — not dread about what danger lurks ahead.

But here we are, Susan Tompor reports, being warned about serious threats that many parents, aunts, uncles, and grandparents would never imagine as they do their holiday shopping. See something cute online? Well, you better think twice, because a lack of safety standards could be hiding behind that super-low price.

📰 More stories you shouldn't miss 📰

Grim details of Grimmway Farms carrot recall
Trump Media may buy crypto firm
Matthew McConaughey goes pantless
When workplace talk turns political
Is Nvidia stock poised to soar?

📰 A great read 📰

Finally, here's a popular story from earlier this year (actually, last week) that you may have missed. Read it! Share it!

If you feel that no bank account is entirely safe from scams and fraud these days, you aren't being paranoid. 

Three in 10 bank customers experienced fraudulent activity on their accounts in the past year, according to the first bank fraud study by J.D. Power, the consumer analytics firm. 

Analysts at J.D. Power said fraud is proliferating in an era of peer-to-peer (P2P) payment apps and increasingly impersonal transactions.  

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

For subscribers

President-elect Trump promised a slew of tax breaks for the middle class. Can he keep those promises and if so, at what cost? Experts weigh in.

Santa Claus holds up the key to the city given to him by Detroit Mayor Mike Duggan during 97th Annual America's Thanksgiving Parade presented by Gardner White in downtown Detroit on Thanksgiving day, Nov. 23, 2023.
 

Why that cute toy for $8 and free shipping could be a terrible deal

Many toys are safer than they were many years ago. But a new PIRG report states 'an alarming number of toys entering this country aren't safe.'

A person interacting with the U.S. Bank mobile app on their smartphone.
 

Worried your bank account isn't safe? You're not being paranoid.

A new study finds extensive fraud on consumer bank accounts. And banks, it turns out, are the heroes here. We'll help you protect your passwords.

This illustration photo shows a person checking the app store on a smartphone for "Truth Social", with a photo of former US president Donald Trump on a computer screen in the background, in Los Angeles, October 20, 2021.
 

Trump's social media company reportedly in talks to buy crypto firm

Trump Media & Technology, the parent company of Truth Social, is reportedly in talks to buy crypto trading firm Bakkt.

Baby carrots on a white background.
 

Grimmway Farms carrot recall: See product list, E. coli case map

A recall has been issued by Grimmway Farms affecting organic carrots, here is what you need to know about the ongoing recall.

People vote at outdoor booths during early voting for the mid-term elections in Pasadena, Calif. on Nov. 3, 2018.
 

How to smooth over political bickering at work

Outright banning political talk has proven unrealistic and difficult to enforce. However, there are steps to take to ease workplace tensions.

Matthew McConaughey and his wife Camila Alves McConaughey recreate the poster of "How to Lose a Guy in 10 Days" for Pantalones Organic Tequila.
 

Matthew McConaughey goes pantless in tequila poster with wife Camila

The McConaugheys released a new poster inspired by the classic romcom "How to Lose a Guy in 10 Days" to promote their tequila brand, Pantalones.

Boeing 777X and Boeing 737 MAX 10 airplanes are seen parked in an aerial view at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022.
 

Boeing to lay off more than 2,000 workers in Washington and Oregon

In filings made Monday, Boeing said it would be laying off more than 2,000 workers in Washington and Oregon amid a year of strikes and safety issues.

An investor sits on a couch and looks at something on a phone.
 

Will Nvidia soar after Nov. 20? Evidence is piling up and it says this

Evidence is piling up, and it's pointing to one particular outcome. Let's find out more.

USA TODAY
 

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